May 22, 2019 — WEDNESDAY AM
The ES and NQ continue to trade within an inside day and are also trading within long term market structure levels. Very tightly compressed price action has been seen the last two sessions, but is a retest of the recent low ahead? Perhaps so. Crude Oil has broken the 4-day trading range to the downside, but is now forming a box below 62.70, which could lead to a failed breakdown. Watch 62.70 closely. Gold remains within the large rounded top pattern, and continues to sit on the 1270 pivot, which is the key level to watch. Here are the levels we’ll focus on during the morning session of the PivotBoss Trading Room.
This video also includes: E-Mini S&P 500, E-Mini Nasdaq 100, Crude Oil, and Gold.
Cheers!
— Frank Ochoa
Author, Secrets of a Pivot Boss